Gaming Industry

Tencent commits over ₹10 crore towards gaming and AVGC programs in India

Tencent has committed over Rs 10 crore towards skilling, mentorship and ecosystem development initiatives for India's gaming and AVGC sectors

BGMI paying users climb 17% amid rise in India's in-game spending trends

This is the first time a gaming company has publicly shared India-specific paying user growth numbers

Nazara posts 3x jump in profit to ₹47 crore, even as revenue dips 23.5%

Nazara's revenue from operations, however, declined 23.53 per cent to Rs 397.78 crore in Q4FY26 from Rs 520.2 crore in Q4FY25

From fantasy gaming to stock broking: Dream11 parent's next big bet

Dream11 parent Dream Sports has launched AI-powered stock broking platform DreamStreet as it continues to diversify beyond fantasy gaming, betting on first-time investors and Tier-2 and Tier-3 users

ED arrests three founders of gaming platform Gameskraft in PMLA case

The Enforcement Directorate on Friday arrested three founders of online gaming platform Gameskraft in an alleged fraud-linked money laundering case, officials said. They said Deepak Singh, Prithvi Raj Singh and Vikas Taneja have been taken into custody under the provisions of the Prevention of Money Laundering Act (PMLA). Deepak Singh and Prithvi Raj Singh were arrested from the Delhi-NCR region and subsequently a transit remand wad obtained for producing them before a Bengaluru jurisdictional court. Taneja was arrested from Bengaluru and has been produced before a court, the officials said. The arrests came after the central agency filed a money laundering case against Gameskraft Technologies Ltd and other associated entities taking cognisance of multiple police FIRs related to alleged cheating and fraud. The ED also undertook raids in the case on Thursday at 17 locations in Delhi-NCR and Karnataka leading to seizure of certain documents, they said. The platform, as per ED offic

US Supreme Court rejects Apple's stay request in Epic Games lawsuit

Apple mostly defeated Epic's lawsuit, but was required in the judge's 2021 injunction to let developers include links in their apps directing users to non-Apple payment methods

Next Call of Duty may skip Sony PS4, Microsoft Xbox One: What it means

Call of Duty 2026 may drop support for older consoles, allowing developers to focus on newer systems, though the company says the game is not being developed for PS4

Roblox appoints former AWS senior executive Sunil Rao as MD for India

Gaming company Roblox has appointed former Amazon Web Services senior executive Sunil Rao as Managing Director for its India arm, the company said on Thursday. Rao will serve as Roblox's senior representative and market lead in the country, overseeing day-to-day execution of Roblox India's strategy working with local teams and partners, the company said in a statement. "Roblox announces the appointment of Sunil Rao as Managing Director, Roblox India. Rao will join Roblox India this May to help strengthen the company's local presence in the country, foster partnerships, support the creator ecosystem and align local market needs with global product and business priorities," the statement said. Rao was previously part of the leadership team at Amazon Web Services (AWS), where he led strategy and corporate business development across the Asia-Pacific and Japan (APJ) region. Prior to AWS, Rao was a partner at Lightspeed Venture Partners, where he worked closely with founders and emergin

Metasports Interactive raises $20 million to fund user acquisition

Gaming firm Metasports Interactive secures $20 million from Metica to scale user acquisition and drive global expansion of its cricket game Hitwicket

New online gaming rules to distinguish e-sports, real-money games: Industry

Industry players say PROGA rules will help distinguish e-sports from real-money gaming, curb proxy platforms, and bring regulatory clarity, though some gaps remain

Lightfury raises $11 mn; Dhoni, Bumrah join gaming startup captable

Bengaluru-based AAA gaming studio secures funding from VCs and Indian cricketers as it prepares to launch 'eCricket' and scale live operations

Govt notifies online gaming rules, to set up governing authority

The government has notified online gaming rules mandating user safety features and grievance redressal, with new norms set to come into effect from May 1

Video game publishers face stricter norms to curb sensitive content

BIS move aims to protect young users from sensitive content

Centre likely to remove mandatory registration for non-money egames

Government is likely to relax gaming rules by removing mandatory registration for non-monetised games and easing compliance requirements ahead of new framework

India's esports ecosystem grows beyond gameplay, prepares for global stage

From arenas to national teams, esports in India is evolving into a structured, multi-billion ecosystem with global ambitions, creator economies and policy backing

Nazara Technologies to raise ₹500 crore via preferential warrants

Gaming firm plans Rs 500 crore fundraise via preferential warrants to back acquisitions such as Bluetile and BestPlay and accelerate growth across business verticals

Nazara to acquire 50% stake in two gaming firms for $100.3 million

Nazara UK will initially acquire 50 per cent of the equity in Bluetile and Bestplay

Creative opportunities: India's AVGC sector moves up the value chain

The larger opportunity lies in the rapid expansion of the AVGC ecosystem. India's media & entertainment sector was estimated at around ₹2.5 trn in 2024 and is projected to reach about ₹3 trn by 2027

Offshore platforms gained engagement after ban on real money games in India

A CUTS International survey shows offshore real-money gaming platforms saw sharp increases in usage and spending after India's ban, with domestic users shifting activity to overseas operators

Xbox consoles remain central to Microsoft's gaming plans, says new CEO

In a letter to staff, Asha Sharma said the company will expand across devices but keep the console at the centre of its strategy for players and developers